Posts Tagged

Economic Development Commission (EDC)

At VIFreepBreaking NewsBusiness NewsSt. Croix NewsSt. John NewsSt. Thomas News

CHRISTIANSTED — Gold Coast Yachts has been awarded a ten-year extension on its tax benefits. After public hearings and “careful review of its application,” the Virgin Islands Economic Development Commission (EDC) and Gov. Kenneth Mapp approved the request to maintain tax breaks for the yacht manufacturer. Gold Coast Yachts of

Read More
At VIFreepBreaking NewsBusiness NewsGovernment House NewsSt. Croix NewsSt. John NewsSt. Thomas NewsTerritorial Affairs

CHARLOTTE AMALIE — In a long-awaited decision that has major ramifications for the territory’s Economic Development Commission (EDC) program, the U.S. Tax Court in Washington, D.C. has rejected the arguments of the U.S. Internal Revenue Service (IRS) and ruled that the federal statute of limitations applies to U.S. Virgin Islands

Read More